Expedia Group (NASDAQ:EXPE) Raised to “Strong-Buy” at Melius Research

Melius Research upgraded shares of Expedia Group (NASDAQ:EXPE) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

EXPE has been the subject of several other research reports. Benchmark increased their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays increased their price objective on shares of Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Robert W. Baird initiated coverage on Expedia Group in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Monday. Twenty equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $171.63.

Expedia Group Trading Up 0.2 %

Shares of Expedia Group stock opened at $182.62 on Monday. The company has a market capitalization of $23.44 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.84. The stock has a fifty day simple moving average of $182.23 and a 200 day simple moving average of $153.06. Expedia Group has a 12-month low of $107.25 and a 12-month high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Several institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares during the period. Brooklyn Investment Group purchased a new position in Expedia Group in the 3rd quarter worth approximately $51,000. Strategic Financial Concepts LLC purchased a new stake in shares of Expedia Group during the second quarter valued at approximately $65,000. Future Financial Wealth Managment LLC bought a new position in shares of Expedia Group in the third quarter worth approximately $74,000. Finally, Versant Capital Management Inc increased its stake in shares of Expedia Group by 299.3% in the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after buying an additional 419 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.